We are offering to the public 8,000,000 of our 6.625% Series G Cumulative Redeemable Preferred Shares. The underwriters named in this prospectus supplement may purchase up to 1,200,000 additional Series G Preferred Shares from us under certain circumstances.
Dividends on the Series G Preferred Shares will be cumulative from the date of original issue and payable quarterly, beginning on April 1, 2005, at the rate of 6.625% of the liquidation preference per annum, or $1.65625 per Series G Preferred Share per annum.
Except in instances relating to preservation of our status as a real estate investment trust, the Series G Preferred Shares are not redeemable until December 22, 2009. On and after December 22, 2009, we may redeem the Series G Preferred Shares in whole at any time or in part from time to time at a redemption price of $25.00 per share, plus any accrued and unpaid dividends through the date of redemption. The Series G Preferred Shares have no maturity date and will remain outstanding indefinitely unless redeemed.